Edison International, through its subsidiaries, generates and distributes electric power. As of March 03, 2021, it delivered electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. Edison International also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.
IPO Year:
Exchange: NYSE
Website: edison.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/15/2025 | $56.50 | Sell → Neutral | Ladenburg Thalmann |
| 1/2/2025 | $91.00 → $84.00 | Equal Weight → Overweight | Barclays |
| 11/7/2024 | $93.00 | Buy | Jefferies |
| 9/12/2024 | $95.00 | Buy | BofA Securities |
| 7/19/2024 | $83.00 → $82.00 | Buy → Neutral | UBS |
| 4/10/2024 | $78.00 | Neutral | Goldman |
| 1/22/2024 | $84.00 | Neutral → Buy | Guggenheim |
| 10/23/2023 | $74.00 → $68.00 | In-line → Outperform | Evercore ISI |
| 8/23/2023 | $68.00 | Equal Weight | Barclays |
| 8/22/2023 | $73.00 → $75.00 | Neutral → Buy | Mizuho |
Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.8275 per share, payable on Jan. 31, 2025, to shareholders of record on Jan. 7, 2025. This action increases the annual dividend rate by $0.19 per share for the quarter ending Jan. 31, 2025. The 2025 annual dividend rate will be $3.31 per share, an increase of 6.1% from the current annual dividend rate of $3.12 per share. "The dividend increase reflects the confidence of our board and management in our company's financial future in tandem with our commitment to achieving our long-term EPS growth target of 5% to 7%," said Pedro Pizarro, president and CEO of Edison International. "It's also our 21st consecu
Southern California Edison announced today that it will redeem all the outstanding shares of its Series H Preference Stock, which will cause SCE Trust III to redeem all of its outstanding 5.75% Fixed to Floating Rate Trust Preference Securities ("Trust Preference Securities"). The redemption date will be Nov. 28, 2024, and the redemption price will be $25.00 per Trust Preference Security, plus accrued and unpaid dividends up to, but excluding the redemption date. The amount of accrued and unpaid distributions to but excluding Nov. 28, 2024 is $0.426992 per Trust Preference Security. Trust Preference Securities held through The Depository Trust Company will be redeemed according to The Depo
Third-quarter 2024 GAAP EPS of $1.33; Core EPS of $1.51 Significant progress in resolving legacy wildfires: Settlement agreement reached on TKM; cost recovery application on Woolsey Fire filed with CPUC Narrows 2024 core EPS guidance to $4.80-$5.00 Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported third-quarter net income of $516 million, or $1.33 per share, compared to net income of $155 million, or $0.40 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $582 million, or $1.51 per share, compared to core earnings of $531 million, or $1.38 per shar
Edison International (NYSE:EIX): WHAT: Third Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Nov. 11 at 6 p.m. (PDT) at the following numbers: 1-800-391-9853 — for callers in the U.S. 1-203-369-3269 — for international callers Passcode: 9413 View source version on businesswire.com: https://www.businesswire.com/news/home/20241001721606/en/
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Oct. 31, 2024, to shareholders of record on Oct. 7, 2024. Additionally, the board of directors of Southern California Edison today declared the following dividends, payable Dec. 15, 2024, to shareholders of record on Dec. 13, 2024: Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II's 5.10% Trust Preference Securities Series H preference stock, which would result in a distribution of $0.518084 per security on SCE Trust III's 5.75% Trust Preference Securities Series J preference stock, which would
The board of directors of Edison International (NYSE:EIX) today declared the following dividends, payable Sept. 15, 2024, to shareholders of record on Sept. 1, 2024: A semiannual dividend of $26.875 per share on the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A A semiannual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B Additionally, the board of directors of Southern California Edison today declared the following quarterly dividends, payable on Sept. 15, 2024, to shareholders of record on Sept. 13, 2024, on the: Series G preference stock, which would result in a distribution of $0.31875 per secu
Second-quarter 2024 GAAP EPS of $1.14; Core EPS of $1.23 SCE reaches another milestone in hardening distribution lines in high fire risk areas: 84% of planned hardening complete 2025 GRC proceeding on track. Additionally, SCE has reached partial settlements with intervenors Reaffirms 2024 core EPS guidance of $4.75-$5.05 Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported second-quarter net income of $439 million, or $1.14 per share, compared to net income of $354 million, or $0.92 per share, in the second quarter of last year. As adjusted, second-quarter core earnings were $475 m
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on July 31, 2024, to shareholders of record on July 8, 2024. About Edison International Edison International (NYSE:EIX) is one of the nation's largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company
Edison International (NYSE:EIX): WHAT: Second Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Aug. 7 at 6 p.m. (PDT) at the following numbers: 1-866-405-7293 — for callers in the U.S. 1-203-369-0605 — for international callers Passcode: 8852 View source version on businesswire.com: https://www.
Southern California Edison announced today that it will redeem all of the outstanding shares of its Series E Preference Stock. The redemption date will be June 6, 2024, and the redemption price will be $1,000 per share of Series E Preference Stock, plus accrued and unpaid dividends up to, but excluding, the redemption date. The amount of accrued and unpaid distributions to, but excluding, June 6, 2024, will be $9.7874 per share of Series E Preference Stock. SCE will redeem the Series E Preference Stock using the proceeds of an offering of a new series of preference securities. All shares of the Series E Preference Stock are held through The Depository Trust Company (DTC), and the shares w
Extreme winds and dangerous fires fueled by strong winds have created life-threatening conditions in parts of Southern California. Our thoughts are with everyone impacted by this significant event, and we offer our immense gratitude to the firefighters and other public safety officials. Safety remains our number one priority for customers, employees and our communities. The most notable current events are the Palisades, Eaton and Hurst fires. The Palisades Fire began Tuesday morning; the reported area of origin is not in Southern California Edison's service area. The Eaton Fire began Tuesday afternoon in SCE's service area. SCE has transmission facilities on the east side of Eaton Can
Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.8275 per share, payable on Jan. 31, 2025, to shareholders of record on Jan. 7, 2025. This action increases the annual dividend rate by $0.19 per share for the quarter ending Jan. 31, 2025. The 2025 annual dividend rate will be $3.31 per share, an increase of 6.1% from the current annual dividend rate of $3.12 per share. "The dividend increase reflects the confidence of our board and management in our company's financial future in tandem with our commitment to achieving our long-term EPS growth target of 5% to 7%," said Pedro Pizarro, president and CEO of Edison International. "It's also our 21st consecu
Southern California Edison announced today that it will redeem all the outstanding shares of its Series H Preference Stock, which will cause SCE Trust III to redeem all of its outstanding 5.75% Fixed to Floating Rate Trust Preference Securities ("Trust Preference Securities"). The redemption date will be Nov. 28, 2024, and the redemption price will be $25.00 per Trust Preference Security, plus accrued and unpaid dividends up to, but excluding the redemption date. The amount of accrued and unpaid distributions to but excluding Nov. 28, 2024 is $0.426992 per Trust Preference Security. Trust Preference Securities held through The Depository Trust Company will be redeemed according to The Depo
Third-quarter 2024 GAAP EPS of $1.33; Core EPS of $1.51 Significant progress in resolving legacy wildfires: Settlement agreement reached on TKM; cost recovery application on Woolsey Fire filed with CPUC Narrows 2024 core EPS guidance to $4.80-$5.00 Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 Edison International (NYSE:EIX) today reported third-quarter net income of $516 million, or $1.33 per share, compared to net income of $155 million, or $0.40 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $582 million, or $1.51 per share, compared to core earnings of $531 million, or $1.38 per shar
Edison International (NYSE:EIX): WHAT: Third Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through Nov. 11 at 6 p.m. (PDT) at the following numbers: 1-800-391-9853 — for callers in the U.S. 1-203-369-3269 — for international callers Passcode: 9413 View source version on businesswire.com: https://www.businesswire.com/news/home/20241001721606/en/
STEM students are encouraged to apply for a $50,000 scholarship High school seniors passionate about science, technology, engineering or math (STEM) are encouraged to apply for the Edison scholarship. Today, Edison International opened the application period for its much-celebrated Edison Scholars Program that awards $50,000, paid over four years, to STEM-focused students to pursue their dreams. Each year, the program awards a total of $1.5 million in scholarships to 30 high school seniors who live in Southern California Edison's service area. In addition to the $50,000 scholarship, winners are eligible to apply for a paid summer internship with SCE upon completing their first year at an
Lower energy costs, reduced disaster risk and cleaner air are possible with significant investment and cooperation The clean energy future for California is still attainable, despite infrastructure challenges, extreme weather impacts and technological and policy gaps. To achieve this, we must act now. Today at Climate Week NYC, Edison International released Reaching Net Zero, a forward-looking analysis that reinforces the urgent need for multisector collaboration, enhanced efficiencies and significant investment in clean firm generation to meet California's goal of net-zero greenhouse gas emissions by 2045. Highlights from Reaching Net Zero: Edison International reaffirms its net-zero c
The board of directors of Edison International (NYSE:EIX) today declared a quarterly common stock dividend of $0.78 per share, payable on Oct. 31, 2024, to shareholders of record on Oct. 7, 2024. Additionally, the board of directors of Southern California Edison today declared the following dividends, payable Dec. 15, 2024, to shareholders of record on Dec. 13, 2024: Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II's 5.10% Trust Preference Securities Series H preference stock, which would result in a distribution of $0.518084 per security on SCE Trust III's 5.75% Trust Preference Securities Series J preference stock, which would
Ford becomes first major automaker in the U.S. to participate in Emergency Load Reduction Program that compensates car owners for assisting the grid during peak periods of energy demand Ford Motor Company electric vehicle owners and lessees in Southern California Edison's (SCE) service area now have the option to be compensated for assisting the electric grid during peak periods of energy demand. Ford is the first major U.S. automaker to facilitate customer participation in SCE's Emergency Load Reduction Program (ELRP), one of the utility's ongoing efforts to enhance grid resilience that also advances vehicle grid integration (VGI). This press release features multimedia. View the full rel
The board of directors of Edison International (NYSE:EIX) today declared the following dividends, payable Sept. 15, 2024, to shareholders of record on Sept. 1, 2024: A semiannual dividend of $26.875 per share on the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A A semiannual dividend of $25.00 per share on the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B Additionally, the board of directors of Southern California Edison today declared the following quarterly dividends, payable on Sept. 15, 2024, to shareholders of record on Sept. 13, 2024, on the: Series G preference stock, which would result in a distribution of $0.31875 per secu
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Ladenburg Thalmann upgraded Edison from Sell to Neutral and set a new price target of $56.50
Barclays upgraded Edison from Equal Weight to Overweight and set a new price target of $84.00 from $91.00 previously
Jefferies initiated coverage of Edison with a rating of Buy and set a new price target of $93.00
BofA Securities resumed coverage of Edison with a rating of Buy and set a new price target of $95.00
UBS downgraded Edison from Buy to Neutral and set a new price target of $82.00 from $83.00 previously
Goldman initiated coverage of Edison with a rating of Neutral and set a new price target of $78.00
Guggenheim upgraded Edison from Neutral to Buy and set a new price target of $84.00
Evercore ISI upgraded Edison from In-line to Outperform and set a new price target of $68.00 from $74.00 previously
Barclays initiated coverage of Edison with a rating of Equal Weight and set a new price target of $68.00
Mizuho upgraded Edison from Neutral to Buy and set a new price target of $75.00 from $73.00 previously
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John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, to join the EOC Management Committee as Chair, plus Edison International, Exelon Corporation, and Southern Company join Xcel Energy, Micron, and Air Products to help expand U.S. procurement and supply chain opportunities for small and historically underutilized businesses NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International
The $25,000 scholarships will help fund tuition, tools and support services, strengthening SCE's diverse workforce Today, Edison International announced the 12 recipients of the Edison International Lineworker Scholarship, which awards up to $25,000 per recipient to pursue a career in the skilled trade workforce at Southern California Edison. The scholarship, funded by Edison International shareholders and IBEW Local 47, is designed to build and strengthen a diverse workforce in SCE's service area. As California approaches its ambitious 2045 carbon-free goal, the need for a skilled workforce to power the electric transition is more important than ever. The Lineworker Scholarship provide
Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl
Applications for scholarships up to $25,000 are now being accepted for the 2024 Edison International Lineworker Scholarship Program. Funded by Edison International shareholders and IBEW Local 47, this scholarship is focused on growing Black, Asian Pacific Islander, Native American and female representation in Southern California Edison's skilled workforce. "Lineworkers are among the front lines of our workforce that is safely delivering reliable power to the 15 million residents in Southern California Edison's service area and making the clean energy transition possible," said Heather Rivard, SCE's senior vice president of Transmission and Distribution. "The Lineworker Scholarship Program
Taylor Currently on the Board and Will Succeed William P. Sullivan upon his Retirement in April Edison International (NYSE:EIX) today announced that Peter Taylor will serve as the company's next independent, non-executive chair of its board of directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211209006083/en/William Sullivan, board member, Edison International (photo: Edison International) Taylor, who first joined the board in 2011, will succeed William P. Sullivan, who has served since 2015 and as independent board chair since 2016. Sullivan will retire from the board in April 2022 after reaching the retirement age set